Multiple Choice
Excel Home bought painting equipment on account for $5,000. The entry would include:
A) debit to Supplies Expense, $5,000; credit to Cash, $5,000.
B) debit to Equipment, $5,000; credit to Cash, $5,000.
C) debit to Equipment, $5,000; credit to Accounts Payable, $5,000.
D) debit to Supplies Expense, $5,000; credit to Accounts Payable, $5,000.
Correct Answer:
Verified
Correct Answer:
Verified
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